Day 15 of DarTradingJournal :
Good day today, algo gave good profit. I also made some profit trading manually. Need to learn to keep faith on algo, it keeps on doing better than me.
Indusind Bank has been moving in a rising parallel channel from 23 January 24. The difference between the lower trend line of the channel and the upper trend line of the channel is Rs 122 to Rs 130.
On April 19 it bounced from the lower trend line. If you feel like taking a chance you can buy and look for an upside of Rs 90 atleast.
Day 18 of DayTradingJournal: Today was a good day with my algo finally doing as expected. Had this issue since last two days, though I had fixed it up last night, however, realised a small bug had crept up, was taking data from one set and applying to another set and expecting correct results. Obviously wrong, got it resolved and then tested it. The algo now gave...
Day 17 of DayTradingJournal:
Today was a very boring day if you are only into trading. I got busy on working on my algo since it was not yet ready and I was not getting response as expected, still working, hopefully should progress little bit by tomorrow. So, a productive, busy day, but no trading.
Day 16 of DayTradingJournal:
As its with me and Mondays, weekend made me lose my sync with the market, took some manual trades looking at the charts and ended up making losses. Did some more coding on the algo yesterday which did not work properly on the broker's account today and hence was tied up in resolving that. Got resolved by day end, so hopefully tomorrow...
Day 13 of day trading journal.
Stayed away as could not login in the morning, so could not get insync with the market.
Let the algo run and do paper trade for records and understanding and faith on the system....worked out well, will continue.
Day 12 of day trading journal.
Good thing about today : No impulsive trades, no panic, no FOMO
Paper trade on my excel based algo gave good results (better than my manual trading).
CALL DEBIT SPREAD/PUT CREDIT SPREAD STRATEGY
It is part and parcel of the verticle spread family , to be used in bullish market view.
Loss and profit is limited .
Educational video only take your trade after consulting your financial advisor.
Day 11: Took an impulsive trade, lizard brain got me again. Need more consciousness to control it. Need more practice. Other than that, logic seems to be working good, strategy seems to be profitable, only issue is with practice so that lizard brain can be brought under control. Hate the market timings - very few hours to practice, the first hour just goes in...
Day 10, thought of punting ( front running) and got in before getting the signal. Bad idea. The signal never came and had to take a loss. Learning for today.
Achievement for today: Did not feel frustrated waiting, did not take more than two trades.
Indusindbk has formed a range from 20 jan till now of 1428-1571, recent price action forming inverted H&S, should be on radar if breaks out target gonna be 1630/1720.
Risky Long, not recommended if you are already not sitting on profits
contra bet as RS is negative
Weekly consolidation and now prices breaking out on daily
SL 1511 tgt1 1625
stock broke out an THF supply now forming a good base at supply a clear up side move might happen. can enter it might give an 1:3 return. not an financial advice just an chart analysis
